• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, July 14, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in General News

President Mahama Makes New Appointments to the Presidency 

Evans Junior Owuby Evans Junior Owu
January 21, 2025
Reading Time: 3 mins read
HE President John Dramani Mahama

HE President John Dramani Mahama

In a significant move to bolster governance and optimize the administration’s operational framework, President John Dramani Mahama has announced a series of key appointments to the Office of the President.

The appointments, which include a blend of experienced advisers and operational staff, are designed to harness a range of expertise necessary for advancing the nation’s development agenda. 

The new appointees include Mrs. Joyce Bawah Mogtari Esq., as the Presidential Adviser & Special Aide to the President. Recognized for her extensive background in governance, maritime law and policy-making, Mrs. Mogtari will play a vital role in advising the President on a variety of issues impacting the nation.

Stanislav Xoese Dogbe has been appointed as the Deputy Chief of Staff (Operations). As a seasoned professional with robust operational management experience, Mr. Dogbe will oversee day-to-day operations, ensuring that the administration runs smoothly and efficiently. 

ADVERTISEMENT

Again, Nana Oye Bampoe Addo, a former Minister of Gender, Children and Social Protection and Secretary to the NDC’s 2020 and 2024 Manifesto Committee has been appointed as the Deputy Chief of Staff (Administration).

With a strong focus on administrative efficiency, Nana Oye Bampoe Addo will be responsible for facilitating effective resource allocation and staff management at the Office of the President.

More Key Appointments

Another key appointment is Hon. Seth Emmanuel Terkper, a former Minister of Finance as the Presidential Adviser on the Economy with the task of providing expert guidance on economic policies and strategies aimed at fostering sustainable growth to the President. 

Moreover, a distinguished Professor Emeritus of Sociology, Demography and African Studies Academy, Professor Francis Dodoo has been appointed as the Presidential Adviser on National Anti-Corruption Programme.

Renowned for his commitment to integrity, Professor Dodoo will spearhead initiatives to combat corruption and promote transparency within government operations.

ADVERTISEMENT

Also, the President has appointed retired Ghanaian Military personnel with the Ghana Armed Forces, a former National Security Coordinator of Ghana, and a private legal practitioner Larry Gbevlo-Lartey as the Special Envoy to the Alliance of Sahelian States.

As a prominent figure in international relations, Mr. Gbevlo-Lartey will represent Ghana’s interests and foster cooperation among Sahelian nations. 

Other appointments include Nana Yaa Jantuah, a former General Secretary of the Convention Peoples Party as a Presidential Staffer, and Beatrice Annangfio, a private legal practitioner and Deputy Spokesperson for the Mahama 2024 Campaign as a Presidential Staffer. 

ADVERTISEMENT

Finally, President Mahama has appointed Shamima Muslim, a former seasoned media practitioner and Gender Advocate as the Deputy Presidential Spokesperson and Professor Kwaku Danso-Boafo, the chairman of the NDC’s 2020 and 2024 Manifesto Committee as the Cabinet Secretary. 

“President Mahama expresses confidence that these appointees will bring their expertise and dedication to their respective roles, contributing to the progress and development of the nation.

Hon. Felix Kwakye Ofosu, the Acting Ag. Spokesperson to President John Dramani Mahama

The newly appointed officials are expected to collaborate closely in addressing the multitude of challenges facing the country, while also harnessing opportunities for growth and innovation.

The statement was issued and signed by Hon. Felix Kwakye Ofosu, the Acting Ag. Spokesperson to President John Dramani Mahama. 

READ ALSO: Slew Of Executive Actions Marks Trump’s Day 1

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: Beatrice AnnangfioFelix Kwaky OfosuJoyce Bawah Mogtari Esq.Larry Gbevlo-LarteyNana Oye Bampoe AddoNana Yaa Akyempim Jantuah.President John Dramani MahamaProfessor Francis DodooProfessor Kwaku Danso-BoafoSeth Emmanuel TekperStanislav Xoese Dogbe
ShareTweetShareSendSend
Please login to join discussion
Previous Post

Slew Of Executive Actions Marks Trump’s Day 1

Next Post

Trump Declares Energy Emergency, Revokes Biden’s Offshore Drilling Ban 

Related Posts

Basic School Children   in Ghana receiving instructions from their teacher
General News

One in Three Districts in Ghana Faces Severe Teacher Shortages, Report

July 14, 2026
Foster Buabeng (CEO/Fund Administrator)
General News

Teachers’ Fund Directs Members to Verify Names Across Official Records

July 14, 2026
Honourable Nana Agyei Baffour Awuah
General News

Tribunal Bill Not Practicable, Expensive And Could Delay Hearings— Awuah

July 14, 2026
Deputy Director General of GES in charge of Management Services Professor Smile Gavua Dzisi
General News

GES Rollout Practical Entrepreneurship Programme for SHS Students

July 13, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

Group Photo

EPIC Africa Project Pushes Sustainable Volta Basin Management

July 14, 2026
World Health Organization

WHO Launches Research Agenda on Climate, Migration and Health

July 14, 2026
Seal of United States Central Command.svg

US Strikes Iran Again Amid Hormuz Strait Standoff

July 14, 2026
Basic School Children   in Ghana receiving instructions from their teacher

One in Three Districts in Ghana Faces Severe Teacher Shortages, Report

July 14, 2026
CalBank Profit Soars 25% to GHS353.6 Million in Strong First Half Performance CalBank PLC has delivered an impressive financial performance for the first half of 2026, posting a remarkable 25 percent increase in Profit Before Tax (PBT) to GHS353.6 million. The outstanding results highlight the bank's successful strategic transformation and underline its growing strength as one of Ghana's leading financial institutions. The latest figures show that Profit Before Tax climbed from GHS283.2 million in the corresponding period of 2025 to GHS353.6 million, driven by robust growth across the bank's core business operations. The performance reflects improvements in lending, customer deposits, fee based services, trading income, and overall operational efficiency. Unlike previous periods where earnings were significantly supported by impairment recoveries, CalBank's latest results demonstrate that its profitability is now being powered largely by the strength of its underlying banking business. Core Banking Business Drives Exceptional Earnings One of the biggest highlights of the first half performance was the remarkable growth in net interest income, which surged by 83 percent to GHS347.5 million. The increase came despite a relatively lower interest rate environment. Interest income rose from GHS399 million to GHS451.5 million as the bank continued expanding its earning assets. At the same time, funding costs fell sharply, with interest expenses dropping from GHS209 million to GHS104 million. This significant reduction in funding costs improved the bank's profitability and demonstrated stronger balance sheet management. CalBank also recorded exceptional growth from non interest income sources as it continued diversifying its revenue streams. Net fees, commissions, and trading income almost doubled, rising by 99 percent to GHS323.3 million from GHS162.7 million during the same period last year. The strong performance reflects increased customer activity across the bank's retail, commercial, and corporate banking segments. The diversified earnings profile places CalBank in a stronger position to withstand changing market conditions while maintaining sustainable profitability. Stronger Earnings Quality Boosts Investor Confidence Perhaps the most significant aspect of CalBank's results is the improved quality of its earnings. During the first half of 2025, impairment recoveries contributed approximately GHS154 million to profits. However, in the latest reporting period, impairment gains accounted for only GHS7 million. This means the overwhelming majority of profits were generated through normal banking operations rather than one off recoveries. The shift highlights the success of management's transformation strategy and provides greater confidence that future earnings will remain sustainable. Industry analysts often view recurring operating income as a stronger indicator of long term financial health than exceptional gains. Assets and Deposits Record Strong Expansion CalBank also recorded significant growth in its balance sheet during the period. Total assets expanded by 30 percent to GHS13.9 billion from GHS10.7 billion recorded at the end of June 2025. Customer deposits increased by the same margin, rising to GHS10.9 billion. The growth in deposits reflects increasing customer confidence in the bank's brand, improved service delivery, and expanding retail and commercial banking operations. Higher deposits also provide the bank with a stable funding base to support future lending and business expansion. The figures reinforce CalBank's growing position within Ghana's competitive banking industry. Bad Loans Decline Dramatically One of the most remarkable achievements during the first half of the year was the dramatic improvement in asset quality. The bank's Non Performing Loan ratio dropped sharply to 10.10 percent from an exceptionally high 51.60 percent recorded at the end of June 2025. The improvement reflects the successful execution of CalBank's balance sheet remediation programme and disciplined credit risk management practices. A healthier loan portfolio reduces future credit losses while creating additional room for prudent loan growth. The significant decline in bad loans also strengthens investor confidence and enhances the bank's overall financial stability. Capital Position Strengthens After Recapitalisation Following its successful recapitalisation in 2025, CalBank has continued strengthening its financial foundation. Its Capital Adequacy Ratio improved dramatically to 18.17 percent from a negative 7.6 percent recorded a year earlier. The turnaround highlights the success of the bank's recapitalisation efforts and demonstrates its renewed financial resilience. Strong liquidity levels further position the bank to support customers, finance new business opportunities, and meet future regulatory requirements with confidence. The improved capital position also creates greater flexibility for expansion while protecting shareholders against unexpected financial shocks. Management Confident of Even Better Results Commenting on the results, Managing Director Carl Selasi Asem described the first half performance as clear evidence that CalBank's transformation strategy is producing sustainable financial outcomes. He said the bank had achieved strong growth across its core businesses while improving funding efficiency, strengthening profitability, enhancing asset quality, reinforcing its capital base, and expanding its balance sheet. Mr. Asem stressed that the latest earnings were driven by the strength of the bank's underlying operations rather than one time recoveries, reinforcing the quality and sustainability of the results. Looking ahead, he expressed confidence that the momentum built during the first half would enable CalBank to deliver an even stronger performance during the remainder of 2026. Management says the bank remains committed to disciplined execution of its strategic priorities, strengthening customer relationships, maintaining prudent risk management, and creating sustainable long term value for shareholders. CalBank's Transformation Continues to Deliver CalBank's latest financial performance paints the picture of a bank that has successfully rebuilt its foundations and is entering a new phase of sustainable growth. With rising profits, stronger capital, expanding customer deposits, healthier assets, and significantly lower bad loans, the bank appears well positioned to compete aggressively within Ghana's banking sector. As economic conditions continue to improve, CalBank's focus on operational excellence and disciplined execution could make 2026 one of the strongest years in the institution's recent history. READ ALSO: GSE Opens Week with Explosive Trading Activity CalBank Profit Soars 25% to GHS353.6 Million in Strong First Half Performance

CalBank Profit Soars 25% to GHS353.6 Million in Strong First Half Performance

July 14, 2026
ADVERTISEMENT
Next Post
President Donald J. Trump

Trump Declares Energy Emergency, Revokes Biden's Offshore Drilling Ban 

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.